KUALA LUMPUR (June 11): theedgemarkets.com highlighted 21 stocks with momentum at Bursa Malaysia’s afternoon market close today. All stocks displayed negative momentum.
Stocks with negative momentum were:
Aemulus Holdings Bhd — down 1 sen or 3.64% at 26.5 sen
Ancom Logistics Bhd — down 0.5 sen or 5.26% at 9 sen
AT Systematization Bhd — up 4.5 sen or 36% at 17 sen
BTM Resources Bhd — up 2 sen or 16% at 14.5 sen
ConnectCounty Holdings Bhd — up 5.5 sen or 26.19% at 26.5 sen
Dancomech Holdings Bhd — up 2.5 sen or 6.02% at 44 sen
E.A. Technique (M) Bhd — up 2 sen or 5.06% at 41.5 sen
Iconic Worldwide Bhd — up 2 sen or 6.25% at 34 sen
I-Stone Group Bhd — up 1.5 sen or 8.33% at 19.5 sen
Luster Industries Bhd — up 2 sen or 20% at 12 sen
Muar Ban Lee Group Bhd — up 1 sen or 0.7% at RM1.44
Mikro MSC Bhd — down 0.5 sen or 2.44% at 20 sen
Rexit Bhd — unchanged at 57.5 sen
Salcon Bhd — up 0.5 sen or 2.94% at 17.5 sen
Sealink International Bhd — down 4 sen or 10.81% at 33 sen
Sern Kou Resources Bhd — up 3 sen or 3.06% at RM1.01
Spring Art Holdings Bhd — up 1 sen or 5.71% at 18.5 sen
Superlon Holdings Bhd — up 1 sen or 1.39% at 73 sen
Techfast Holdings Bhd — down 2 sen or 4.71% at 40.5 sen
Wegmans Holdings Bhd — up 1 sen or 5.26% at 20 sen
Yi-Lai Bhd — up 6 sen or 6.52% at 98 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com